1816 N Wood Street
Chicago, IL 60622

Status: Sold
Multi Family
8 beds
0 baths
0 sq.ft
Listing Price: $1,200,000
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About this home

Presenting 1816 North Wood Street FOR SALE. Great opportunity to acquire a remodeled 3-Flat in Bucktown with two duplexes! All mechanicals and appliances have been updated with a few units successfully used recently for short term rentals. Easy street parking and great access to the Bloomingdale Trail, Expressways, and public transportation makes this a prime Chicago Location. Property also boasts a 2-Car garage that may be rented for additional income. Gross Income of $100, 400 is based on long term rentals at market rents. $3, 200 per Duplex and $2000 monthly for 2nd floor unit. Possible Loan Assumption with advantageous terms for the right qualified buyer with a strong offer PROPERTY HIGHLIGHTS- Two Large Duplex 3bed/2ba Units (Duplex Up/Duplex Down); One 2bed/1ba Simplex; All Units on HVAC; Minimal Landlord Expenses; Units Have Been Upgraded and Modernized; All Units Include Washer & Dryer; Hardwood Floors; Two Car Garage; Previously Used for Short Term Rental; Easily Rented for Top of Market yearly Rents

Property details

Virtual Tour, Parking / Garage, Exterior Features, Multi-Unit Information
Age 100+ Years
3 Bedroom Unit in Building Yes
Approx Year Built 1892
Parking Total 2
Exterior Building Type Brick
Parking On-Site Yes
Garage Ownership Owned
Garage Type Detached
Parking Spaces Count 2
Parking Garage
Rehab Year 2000
MRD Virtual Tour None
School / Neighborhood, Utilities, Financing, Location Details
Area Major CHI - Logan Square
Corporate Limits Chicago
Directions Property is north of North Ave and the Bloomingdale Trail on the west side of Wood St.
Elementary Sch Dist 299
Heat/Fuel Natural Gas
High Sch Dist 299
Sewer Public Sewer
Water Public
Jr High/Middle Dist 299
Township West Chicago
Interior Features
Basement Description Finished
Basement Full
Bedrooms Count 8
Bedrooms Possible 8
Baths Count 5
Full Baths in Building Count 5
Total Rooms 18
Units
unit 1
Beds Total 3
Baths Total 2
Actual Rent 3200
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner
Full Baths Total 2
Lease Expiration Date 00/00
Rooms Total 10
Tenant Pays Electric, Gas, Heat
Floor Number 1
Square Feet 1800
unit 2
Beds Total 2
Baths Total 2
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner
Full Baths Total 2
Rooms Total 6
Tenant Pays Electric, Gas, Heat
Floor Number 2
Square Feet 900
unit 3
Beds Total 3
Baths Total 2
Appliances And Features Stove, Refrigerator, Washer, Dryer, Dishwasher, Microwave, Disposal, Central Air Conditioner
Full Baths Total 2
Rooms Total 10
Tenant Pays Electric, Gas, Heat
Floor Number 3
Square Feet 1800
Property / Lot Details
Lot Dimensions 25 X 100
Lot Size Less Than .25 Acre
Ownership Fee Simple
Type Unit 3 Flat
Number Of Units in Building 3
Property Type Two to Four Units

Financials

Financing Conventional
Gross Rental Income $100,400
Investment Profile Residential Income

Tax/Assessments/Liens

PIN 14314110340000
Special Assessments N
Taxes $21,744
Tax Year 2021
$1,200,000 Listing Price:
MLS # 11970110
Investment Profile Residential Income
Listing Market Time 43 days
Basement Full
Type Unit 3 Flat
Number of Units in Building 3
Parking Garage
List Date 01/30/2024
Year Built 1892
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